TPR seeks £380,000 from man who bought Carrington Wire for £1

clock •

The Pensions Regulator (TPR) is pursuing a £382,136 claim against a man after he bought Carrington Wire from the Russian steel company Severstal for £1.

Richard Williams was the third party targeted by TPR in its attempts to recover almost £18m from the sponsor of the Carrington Wire pension scheme to prevent it falling into the Pension Protection ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

SPP Conference 2026 - Government committed on fiduciary duty guidance update

SPP Conference 2026 - Government committed on fiduciary duty guidance update

Guidance should enable trustees to make the 'best' decision for their members

Martin Richmond
clock 25 September 2026 • 2 min read
FCA figures reveal surge in pension withdrawals over past two years

FCA figures reveal surge in pension withdrawals over past two years

Total value withdrawn has jumped from £53.6m in 2023/24 to £91.2m in 2025/26

Jonathan Stapleton
clock 24 September 2026 • 3 min read
Action needed now on salary sacrifice to minimise disruption

Action needed now on salary sacrifice to minimise disruption

LCP says early preparation will help employers navigate the transition

Jonathan Stapleton
clock 24 September 2026 • 2 min read
Trustpilot